How to Buy Polkadot (DOT) in Bolivia

A Step-by-Step-Guide on how to buy Polkadot (DOT) in Bolivia

Step 1 – Signup to Kraken

You'll first need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Polkadot (DOT) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

Make sure you've selected the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (DOT) Polkadot

Once your deposit has been confirmed, you will immediately have access to your finances and you can launch purchasing and trading. To buy (DOT) Polkadot on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to discover (DOT) Polkadot, you will need to put the cointype (DOT) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this too. Click on “DOT/BTC” to proceed.

Step 4 – Purchasing Polkadot (DOT)

Once you've spotted (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most recent price (DOT) Polkadot was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of DOT you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of DOT.

When you're satisfied, click on “Buy DOT”. Your order will be filled when a Vendor trades their DOT for the price you submitted.

Step 5 – Withdraw Polkadot (DOT)

Unless you are trading, best advise is not to keep crypto on an Exchange for an longer time period. To withdraw your (DOT) Polkadot, go to the tab called “Funds” and click on “Withdraw”. (DOT) Polkadot can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DOT) Polkadot by using the given drop-down box. Enter the volumen of Polkadot (DOT) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, click on “Submit”. You may be requested for email/phone verification before a take off.

Kudos! You have successfully purchased and safed (DOT) Polkadot in Bolivia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (DOT) Polkadot is stored within your wallet, you're all done.